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News: Bank

Morgan Stanley and Goldman Sachs give up investment bank sta... US giants to become bank holding companies in move that spells end of era on Wall St www.guardian.co.uk?gusrc=rss&feed=networkfront - Sep 22nd, 2008 at 3:53 am - News Link - Source Radical Shift for Goldman and Morgan Goldman Sachs and Morgan Stanley, Wall Street’s last independent investment banks, will transform themselves into bank holding companies subject to greater regulation. www.nytimes.com/pages/index.html?partner=rssnyt - Sep 22nd, 2008 at 2:49 am - News Link - Source Iran’s President Replaces Central Bank Chief President Mahmoud Ahmadinejad replaced the governor of the Central Bank on Saturday after an escalation in their differences over monetary policy and inflation. www.nytimes.com/pages/business/index.html?partner=rssnyt - Sep 22nd, 2008 at 1:34 am - News Link - Source In Hollywood, Credit Remains, at Least for a Few Big Names The crisis on Wall Street is roiling companies around the globe, but bank-financed credit is continuing to flow into the movie business, albeit more moderately. www.nytimes.com/pages/business/index.html?partner=rssnyt - Sep 22nd, 2008 at 12:53 am - News Link - Source IndusInd Bank to expand its business The Mauritius based IndusInd International Holdings Ltd (IIHL) announced in its Annual General Meeting (AGM) that its subsidiary IndusInd Bank, which operates 148 branches in India, will expand its financial services in strategic markets, including the Middle East, with significant NRI and Indian-or... www.rupeetimes.com/news_advice/car_loans - Sep 21st, 2008 at 11:29 pm - News Link - Source Why some firms are bailed out and others ignored - Christian... 18f Why some firms are bailed out and others ignored - Christian Science Monitor Why some firms are bailed out and others ignoredChristian Science Monitor, MA - 1 hour agoMany economists worry that further financial troubles ahead could arise from home equity loan defaults, a multiplication of commercial bank failures, Norton couple on right path f.... bravofi.org - Sep 21st, 2008 at 5:00 pm - News Link - Source Cybersquatters register domains for potential bank-mergers Today in his Observer column, John Naughton takes account of the thriving practice of cybersquatting domains for potential bank-mergers: Even as the short-selling vultures began circling Lehman Brothers, HBOS, Merrill Lynch and co, a legion of entrepreneurs began betting on domain names for hastily merged financial institutions. For example, when B.... www.boingboing.net - Sep 21st, 2008 at 5:35 am - News Link - Source Citigroup: Above the Fray? While the proposed bailout and the newly buoyant market raise Citi’s prospects, the large bank still isn’t out of the woods. www.nytimes.com/pages/business/index.html?partner=rssnyt - Sep 21st, 2008 at 1:19 am - News Link - Source E-value-ating Your Shopping Strategy for Quality Kitchen Cab... (ARA) - At a time when people are remodeling their homes instead of buying or building new ones, homeowners are looking for ways to increase the comfort and value of their current living space without breaking the bank. www.yourhomeimprovementplace.com - Sep 20th, 2008 at 10:20 pm - News Link - Source Suits: Lehman’s Chance to Raise Funds: EBay When a big Wall Street firm goes belly up, one bet you can take to the bank is that memorabilia will be offered for auction on eBay within hours. www.nytimes.com/pages/business/index.html?partner=rssnyt - Sep 20th, 2008 at 2:00 pm - News Link - Source Lehman lifeline was critical to chip maker AMD AP - With Advanced Micro Devices Inc. s cash reserves dwindling and the chip maker s overall financial health deteriorating to dangerous levels last year, the company was thrown a lifeline by Lehman Brothers, the investment bank now in bankruptcy. news.yahoo.com/i/738 - Sep 19th, 2008 at 2:59 pm - News Link - Source Fed Blotter: Citibank Worker Allegedly Plunders Customer Acc... A spate of federal indictments suggests bank and investment insiders are finding their own solutions to the U.S. financial crisis. www.wired.com/rss/index.xml - Sep 19th, 2008 at 2:48 pm - News Link - Source Banks raises NRI deposit rates State Bank of India, the country s largest lender, has also announced a hike in its interest rates for foreign currency non-resident (FCNR) deposits and non-resident external (NRE) term deposits.The Bank revised its rate on FCNR deposits in US dollar from 50 to100 basis points across various tenures... www.rupeetimes.com/news_advice/fixed_deposits - Sep 19th, 2008 at 3:28 am - News Link - Source RBI steps in to prevent the Rupee Slide The Reserve Bank of India(RBI) has come out with a series of moves aimed at defending the rupee from further depreciation and easing the tight short-term liquidity situation in the banking system.In its move to meet the liquidity requirements of the economy, the Central Bank has reduced the statutor... www.rupeetimes.com/news_advice/fixed_deposits - Sep 19th, 2008 at 3:26 am - News Link - Source Uproar Over German Bank’s Payout to Lehman As the rest of the financial community was scrambling to get its money out, a government-owned German lender gave Lehman Brothers 300 million euros on the same day it filed for bankruptcy. www.nytimes.com/pages/business/index.html?partner=rssnyt - Sep 19th, 2008 at 2:29 am - News Link - Source

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